Absa Group Limited, one of Africa’s largest financial services providers, reported a 3% increase in earnings for the first half of 2019 as its retail unit in South Africa gained market share, mitigating the negative effects of a difficult economy.
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) measured 52.1 index points in July, up from 46.2 in June. This is the first reading above the neutral 50-point mark since December 2018 with the improvement well supported by the underlying subcomponents. Four of the five major subcomponents came in above the neutral 50-point mark, signalling an expansion in activity.
Absa has taken note of the Public Protector, Advocate Busisiwe Mkhwebane's assertion today that her office subpoenaed Absa to provide bank account information relating to her investigation into the President.
Absa Group was recognised in the “Africa’s Best Transformation” category at the prestigious Euromoney Awards for Excellence 2019 that was held at a ceremony in London last night.
Absa Bank Limited (the “Borrower” or “Absa” or the “Bank”), Bank of America Merrill Lynch and Standard Chartered Bank (together the “Bookrunners” and “Coordinators”) are pleased to announce the signing and successful closing of a US$ 500,000,000 Term Loan facility
24 June 2019
Absa and Tshimong give South Africa’s youth a voice
Absa has partnered with Tshimong Media to produce “The Interchange”, a podcast series on Cliff Central which aims to stimulate critical thinking skills among young South Africans through the power of debate.